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Live Nation (LYV) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Live Nation (LYV - Free Report) reported $5.63 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 27%. EPS of $1.02 for the same period compares to $0.66 a year ago.
The reported revenue represents a surprise of +16.15% over the Zacks Consensus Estimate of $4.85 billion. With the consensus EPS estimate being $0.57, the EPS surprise was +78.95%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Estimated events - Total: 12241 thousand versus the four-analyst average estimate of 12453.8 thousand.
Estimated fans - Total: 37073 thousand compared to the 34121.55 thousand average estimate based on four analysts.
Estimated events - International: 4130 thousand versus 4553.68 thousand estimated by four analysts on average.
Estimated number of fee-bearing tickets: 78879 thousand compared to the 74442.39 thousand average estimate based on four analysts.
Estimated events - North America: 8111 thousand versus the four-analyst average estimate of 8115.87 thousand.
Estimated fans - North America: 18474 thousand versus the four-analyst average estimate of 17212.66 thousand.
Estimated fans - International: 18599 thousand compared to the 17557.96 thousand average estimate based on four analysts.
Estimated number of non-fee-bearing tickets: 71236 thousand versus the three-analyst average estimate of 68621.52 thousand.
Revenue- Concerts: $4.63 billion versus $3.93 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +28.8% change.
Revenue- Ticketing: $709.30 million compared to the $624.76 million average estimate based on seven analysts. The reported number represents a change of +23.3% year over year.
Revenue- Sponsorship & Advertising: $302.90 million compared to the $289.36 million average estimate based on seven analysts. The reported number represents a change of +14.8% year over year.
Revenue- Other and Eliminations: -$14.80 million versus the six-analyst average estimate of -$6.16 million. The reported number represents a year-over-year change of +448.2%.
Shares of Live Nation have returned +10.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Live Nation (LYV) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Live Nation (LYV - Free Report) reported $5.63 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 27%. EPS of $1.02 for the same period compares to $0.66 a year ago.
The reported revenue represents a surprise of +16.15% over the Zacks Consensus Estimate of $4.85 billion. With the consensus EPS estimate being $0.57, the EPS surprise was +78.95%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Estimated events - Total: 12241 thousand versus the four-analyst average estimate of 12453.8 thousand.
- Estimated fans - Total: 37073 thousand compared to the 34121.55 thousand average estimate based on four analysts.
- Estimated events - International: 4130 thousand versus 4553.68 thousand estimated by four analysts on average.
- Estimated number of fee-bearing tickets: 78879 thousand compared to the 74442.39 thousand average estimate based on four analysts.
- Estimated events - North America: 8111 thousand versus the four-analyst average estimate of 8115.87 thousand.
- Estimated fans - North America: 18474 thousand versus the four-analyst average estimate of 17212.66 thousand.
- Estimated fans - International: 18599 thousand compared to the 17557.96 thousand average estimate based on four analysts.
- Estimated number of non-fee-bearing tickets: 71236 thousand versus the three-analyst average estimate of 68621.52 thousand.
- Revenue- Concerts: $4.63 billion versus $3.93 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +28.8% change.
- Revenue- Ticketing: $709.30 million compared to the $624.76 million average estimate based on seven analysts. The reported number represents a change of +23.3% year over year.
- Revenue- Sponsorship & Advertising: $302.90 million compared to the $289.36 million average estimate based on seven analysts. The reported number represents a change of +14.8% year over year.
- Revenue- Other and Eliminations: -$14.80 million versus the six-analyst average estimate of -$6.16 million. The reported number represents a year-over-year change of +448.2%.
View all Key Company Metrics for Live Nation here>>>Shares of Live Nation have returned +10.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.